Silver too shed Rs 10 at Rs 37,900 per kg due to reduced offtake by industrial units and coin makers.

Traders said besides easing demand from jewellers and retailers at domestic spot market, a weak trend overseas, mainly led to the decline in the precious metal prices.

Globally, gold fell 0.11 per cent to USD 1,204.80 an ounce and silver by 0.07 per cent to USD 14.23 an ounce in Singapore.

In the national capital, gold of 99.9 per cent and 99.5 per cent purity weakened by Rs 25 each to Rs 31,600 and Rs 31,450 per 10 gram, respectively. The precious metal had gained Rs 175 in Wednesday’s trade.

Sovereign however remained steady at Rs 24,500 per piece of eight gram.